Michael Saylor's Strategy purchases another $2.13 billion in bitcoin
The company now holds 709,715 bitcoin, acquired for nearly $54 billion.
- Strategy purchased 22,305 bitcoin for $2.13 billion last week.
- The acquisitions were funded through sales of common stock and its perpetual preferred equity Stretch (STRC).
- Shares were down 5% in early trading as bitcoin plunged below $91,000.
Strategy (MSTR), the world’s largest publicly traded holder of bitcoin, continued with its string of large weekly purchases, adding $2.13 billion worth of BTC.
Led by executive chairman Michael Saylor, the company added 22,305 bitcoin at an average price of $95,284 per coin, bringing holdings to 709,715 coins acquired for $53.92 billion, or an average of $75,979 per coin.
The latest addition to the company’s bitcoin stash was funded through the sale of $1.8 billion in common stock and $294.3 million of its perpetual preferred equity Stretch (STRC).
MSTR shares are down 5% in pre-market trading as bitcoin has tumbled back below $91,000, versus prices above $94,000 late last week.
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Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters:
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
